Home buyer touring agreement example from AI home byer assistant
Creating a Home Buyer's Touring Agreement that specifies a limited duration between the buyer and the agent is a great way to ensure clarity and mutual understanding of the expectations from both parties during the home-buying process. Below is a draft of what such an agreement might look like. Remember, it’s highly recommended to have any agreement reviewed by a legal professional familiar with real estate law in your jurisdiction before it's finalized and signed.
HOME BUYER'S TOURING AGREEMENT
This Agreement is made this ____ day of ________, 20, between ___________________ (hereinafter referred to as the "Buyer") and ______________________ (hereinafter referred to as the "Agent"), collectively referred to as the “Parties.”
1. Purpose
The purpose of this Agreement is to outline the terms and conditions under which the Agent will provide home touring services to the Buyer within a specified time frame.
2. Term
This Agreement shall commence on ________, 20, and shall terminate on ________, 20, unless extended by mutual agreement of the Parties in writing or terminated earlier as provided herein.
3. Services
The Agent agrees to provide home touring services to the Buyer, which include identifying potential homes that meet the Buyer’s criteria, arranging viewings, and providing relevant property details. The Agent shall make a good faith effort to present properties that align with the Buyer’s preferences and requirements as communicated to the Agent.
4. Buyer’s Responsibilities
The Buyer agrees to: a. Communicate clearly their property preferences, budget, and any other relevant criteria to the Agent. b. Be available for home tours as scheduled by the Agent, within reasonable limits. c. Promptly provide feedback to the Agent following each home tour.
5. Exclusivity
For the duration of this Agreement, the Buyer agrees to work exclusively with the Agent for the purpose of home touring. The Buyer shall not engage another agent for home touring services without the express written consent of the Agent.
6. Termination
This Agreement may be terminated by either Party upon ____ days’ written notice to the other Party. Upon termination, the Agent will be entitled to compensation for services rendered prior to termination.
7. Compensation
[Detail how the Agent will be compensated, if applicable. This might include provisions for reimbursement for expenses related to the home touring process.]
8. Governing Law
This Agreement shall be governed by the laws of the State of __________.
9. Entire Agreement
This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, whether written or oral. Any amendments to this Agreement must be in writing and signed by both Parties.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the first date above written.
Buyer’s Signature: __________________________ Date: __________
Agent’s Signature: __________________________ Date: __________
This template provides a basic structure for a Home Buyer's Touring Agreement limited to a specific time. Adjustments may be necessary to accommodate specific needs or situations. Would you like any specific clauses or terms included in this template?